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Dec 3, 2012
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house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you understand the truth about that raising taxes would mean for the economy, but first, set aside the doom and gloom of the fiscal cliff for a moment, let's look at today's money menu. check out auto sales up big in november. sales of gm cars were up 3.4%. ford saw a 6.5% jump in sales and chrysler shot up 14%. u.s. autos are on track to see their best sales month nationwide since february of 2008 as the big three continues to put the auto bailout in the rear view mirror. ford never took the bailout money from the government. what's sibehind the surge in au sales, no short cuts. the jobs outlook is looking better. access to finance is improving if you want to buy a car. you combine that with the increa
house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you understand the truth about that raising taxes would mean for the economy, but first, set aside the doom and gloom of the...
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Dec 10, 2012
12/12
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if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying we're encouraged. this gives us greater reason to go on and engage in the grand bargain next year. >> okay. you know, as republicans start to talk about maybe giving, you know, something on this tax hike for the wealthy, is this a white flag? i'm sure some will see it as a waving of a white flag, no? >> there will be a lot of democrats who think it's a white flag and they will say, mr. president, this is gl what he said. you hang tough with those guys and in the end they will cave and there will be some justification for that. ag
if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying...
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Dec 4, 2012
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and john boehner is under a tremendous amount of pressure to look tough. they want to beat their chests and say we're standing up to barack obama before they have to cave. so that's why i think a lot of the negotiations are happening publicly. in the end it's going to be a private meeting and things are going to get done. >> john, do you agree? >> i do. i think both sides should probably be embarrassed at this point. we are not in the get it done stage. we're in the public relations campaign phase. both of the them have put forward less specificity than you would see in a $50,000 mortgage application yet we're talking about $2 billion. so i think both of them are trying to secure their position with the public and then we will see this get done as we get closer. >> so, john, let me ask you this, so will the republicans at any point say, well, we kind of have to raise taxes on the wealthiest americans to get a deal done? do you think that will happen eventually? >> well, let's not forget, in their plan they are raising the tax on the wealthy but they're doi
and john boehner is under a tremendous amount of pressure to look tough. they want to beat their chests and say we're standing up to barack obama before they have to cave. so that's why i think a lot of the negotiations are happening publicly. in the end it's going to be a private meeting and things are going to get done. >> john, do you agree? >> i do. i think both sides should probably be embarrassed at this point. we are not in the get it done stage. we're in the public relations...
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Dec 4, 2012
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but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses certaint
but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in...
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Dec 5, 2012
12/12
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. >> so that was speaker boehner obviously flanked by republicans. we'll get you that sound bite from the president because i want to make sure you hear both sides. here is the question i'm hearing people ask. if we go off the cliff here, how big of a hit will we take on taxs? stand by because i'm good to give you the closest answer i possibly can. to help me with that is laurie montgomery, the fiscal policy reporter for the washington post. so, laurie, welcome to you here. and your paper this morning, you ran through a couple of tax scenarios which were pretty palletable so we want to show our view whaeers what you ran through. let me run through two. we'll look at this first one. so everybody take a look at this graphic. this is scenario number one, married couple, two kids, one in college, combined income of $137,000. you see the numbers here first under the democrats' plan, passed by the senate, not by the house, they would see their taxes rise 2500 bucks a year. just below that, the republican plan, passed by the house in august, would raise the
. >> so that was speaker boehner obviously flanked by republicans. we'll get you that sound bite from the president because i want to make sure you hear both sides. here is the question i'm hearing people ask. if we go off the cliff here, how big of a hit will we take on taxs? stand by because i'm good to give you the closest answer i possibly can. to help me with that is laurie montgomery, the fiscal policy reporter for the washington post. so, laurie, welcome to you here. and your paper...
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Dec 5, 2012
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go to house speaker john boehner. he is offering $800 billion in increased revenue. he also wants much deeper cuts in entitlements and $800 billion in other cuts many spending. we've got reporters -- i want to start off with you. dana bash on the hill. a standoff here, republicans essentially saying, look, the president is not being reasonable here, and then you have the white house saying this is magic beans and fairy dust. is this a lot of posturing here? are we really at an impasse? >> yes to both of those questions. there is a lot of post urg, but we do seem to be at an impasse. i want to show our viewers some video that will illustrate just what we're talking about. that is pictures of members of the house of representatives leaving for the week, and now, i don't want tower viewers to get concerned. the calendars on the desk tops are not wrong. it is still wednesday. this did happen at noon on wednesday. it would be nice if all of us could do that, but -- >> yeah, really. >> this is not an accident. republican leaders say that they just simply have nothing to vo
go to house speaker john boehner. he is offering $800 billion in increased revenue. he also wants much deeper cuts in entitlements and $800 billion in other cuts many spending. we've got reporters -- i want to start off with you. dana bash on the hill. a standoff here, republicans essentially saying, look, the president is not being reasonable here, and then you have the white house saying this is magic beans and fairy dust. is this a lot of posturing here? are we really at an impasse? >>...
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Dec 5, 2012
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that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i recognize that all of you have an enormous investment not only in your own companies but in the well-being of america. there are a lot of patriots in this room and people who care deepl
that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm...
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Dec 6, 2012
12/12
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even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a data manager in atlanta is delaying buying a house despite needing space for a second kid due any day now and several families are shrinking the gift pile beneath the christmas tree this year. how about you? are you prepared if the nation goes off the fiscal cliff? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the m
even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a...
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Dec 10, 2012
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he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out the details of the conversation, but the lines of communication remain open. dan lothian is at the white house. how telling is it that the statements were identical from both the president and speaker boehner? >> it shows that both sides agree on something and that is that they're not going to continue to have this debate play out in front of the cameras, harsh rhetoric going back and forth. but instead, will do it in private and i think that's very telling. certainly, we don't know what happened in that meeting because neither side getting any details. perhaps they did have a breakthrough
he met with john boehner yesterday. their first face to face meeting in more than three weeks. today, the president will visit a detroit engine factory. the president's meeting with john boehner did not yield a breakthrough, but the men did agree on one thing. they'll keep their negotiations behind closed doors. they released a statement saying this. this afternoon, the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we are not reading out...
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Dec 10, 2012
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the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-25
the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i...
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Dec 7, 2012
12/12
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house speaker john boehner expected to meet with reporters in an hour. the event comes with just 25 days until that fiscal cliff deadline. both sides of the aisle resumed talks thursday. first time that's happened all week. and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital city. happened almost in the same area along the northeastern coast devastated by a earthquake two years guy. >>> attorneys for george zimmerman are suing nbc universal for characterization of him in reporting on the trayvon martin shooting death. lawsuit claims nbc edited 911 recordings to make it appear that zimmerman was racist. nbc says it disputes the accusations and plans to defend itself in court. >>> on every flight, you have to power down your gadgets before takeoff and landing. but -- could that be changing? you might be surprised who is leading the charge. [ nyquil
house speaker john boehner expected to meet with reporters in an hour. the event comes with just 25 days until that fiscal cliff deadline. both sides of the aisle resumed talks thursday. first time that's happened all week. and comes and comes one day after president obama and speaker boehner talk bid telephone. >>> in japan a tsunami warning has been lifted. a 7.3 magnitude quake struck at sea 300 miles from tokyo. a small tsunami was triggered while a building shook in the capital...